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Price and trend forecast of MATRIMONY for Tomorrow, Weekly, Monthly

Matrimony.Com Limited

Symbol: NSE:MATRIMONY

ISIN: INE866R01028

575.65

As on 2024-07-24

499.25 (52W Low) 722.60 (52W High)

MATRIMONY's Today's Performance

Matrimony.Com Limited started the day by opening at 569.50 today 2024-07-24. Its shares reached a high of 581.15 and dipped to a low of 569.50 in intraday. When the markets closed, MATRIMONY’s stock price settled at ₹575.65 per share. Also check out its key support and resistance levels.

MATRIMONY Buy/Sell Targets

Tomorrow, buy MATRIMONY when its price reaches ₹ 575.65 with a stop-loss order at ₹ 568.21. You can set the target price as ₹ 583.09 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of MATRIMONY for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for MATRIMONY

Downside Targets Value in ₹
Tomorrow Down Target 1 581
Tomorrow Down Target 2 587
Tomorrow Down Target 3 593

Important Levels for MATRIMONY

Holding Levels Value in ₹
Tomorrow Up Target 1 570
Tomorrow Up Target 2 564
Tomorrow Up Target 3 558
Based on where the stock opens tomorrow, if MATRIMONY opens on a positive note, our first target will be ₹581. If Target 1 is achieved, we will aim for Target 2 which is ₹587.

But if MATRIMONY falls below the average value of ₹575.43, you can enter a sell side position with target number 1 - ₹570 and second target - ₹564 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of MATRIMONY

Looking at MATRIMONY, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, MATRIMONY has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for MATRIMONY is moderate bearish.

Tomorrow's Volume based share price Forecast for MATRIMONY

MATRIMONY's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -39%.

Reversal detection for MATRIMONY

Predicted trend chart of MATRIMONY tomorrow for price forecast
MATRIMONY may trend may continue to be bullish since stock is making higher highs and we can get target of ₹570 in morning tomorrow
Target 1 tomorrow580
Target 2 tomorrow583
Target 3 tomorrow587
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with MATRIMONY's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if MATRIMONY opens on a positive note, our first target will be ₹581.37. If Target 1 is achieved, we will aim for Target 2 which is ₹587.08.

But if MATRIMONY falls below the average value of ₹575.43, you can enter a sell side position with target number 1 - ₹569.72 and second target - ₹563.78

MATRIMONY's Weekly Targets
1st Up Target 584.68
2nd Up Target 593.72
1st Down Target 564.43
2nd Down Target 553.22

As the week for MATRIMONY ended on bullish sentiments, we can expect further continuation of this sentiment. MATRIMONY's initial target will be 584.68 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 564.43 in the upcoming week.

Weekly OHLC Values
Open 574.25
High 582.50
Low 562.25
Close 575.65

Week for MATRIMONY started with an open price of 574.25, and the close was at 575.65. MATRIMONY reached the highest of 582.50 and dipped lowest up to 562.25 last week. This indicates a bullish sentiment for the week.

MATRIMONY full month swing targets
Monthly Up Target 1 604.93
Monthly Up Target 2 613.97
Monthly Down Target 1 544.18
Monthly Down Target 2 512.72

Targets of ₹604.93 can be expected to be reached in the coming month. Once MATRIMONY achieved this target, we can aim for the next upside target of ₹613.97.

MATRIMONY if fails to hold upside, down targets of ₹544.18 and ₹512.72 can be achieved by end of this month.

For complete three weeks if MATRIMONY is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as MATRIMONY

Symbol Name Industry
BHARTIARTL Bharti Airtel Limited Telecom Services
INDUSTOWER Indus Towers Limited Telecom Services
NAUKRI Info Edge (India) Limited Internet Content & Information
IDEA Vodafone Idea Limited Telecom Services
TATACOMM Tata Communications Limited Telecom Services

Summary

MATRIMONY is expected to reach the target of 581.37 in tomorrow's trading session.

After achieving the initial target in MATRIMONY, we will aim for higher targets of 587.08 tomorrow.

However, if MATRIMONY starts to trade below ₹575.43, then we will shift our focus to the sell side and aim for down targets of 569.72 and 563.78.